Here are eight words I never thought I'd say:Amazon is selling products from a marijuana company.It's true.And this company has also inked deals with Walmart and Home Depot.That's right.Three of the biggest retailers on the planet are now selling products developed by a company that's in the legal marijuana business.Think about that for a minute...Have you ever imagined that you'd be able to walk...Read More
Wheaton Precious Metals (NYSE: WPM, TSX: WPM) is the world's largest, high-margin, pure silver and gold streaming company, that offers investors cost predictability, direct leverage to increasing silver and gold prices, and a high-quality asset base. We learned from Randy Smallwood, President and CEO of Wheaton Precious Metals, that they produce substantially more metal than any other streaming co...Read More
WASHINGTON (Reuters) - Retailers and shoemakers continued to sound alarms on Monday about their concerns that President Donald Trump’s plan to impose sweeping tariffs on imported goods from China will result in higher consumer prices.Several large U.S. retail companies, including Wal-Mart Inc, Target Corp, Best Buy Co Inc and Macy’s Inc, on Monday sent President Donald Trump a letter u...Read More
Lambos to da moon! Well, for anyone who was betting big on cryptocurrencies this time last year, what once might have seemed like a far-fetched pipe dream became a very tangible reality… in an exceptionally short period of time.Readers who have followed this blog for any length of time know that I have carved out quite the reputation for myself as being a reckless “gambler” in th...Read More
Investors Free Sign UpMember LoginBecome a MemberNews FeedsSubmit NewsEditor's PicksVideoPodcastsWine Down CornerCrypto CornerCompaniesMarketplaceShop Six Explorers to Watch as Mining Sector 'Primed for a Re-Awakening'Source: Streetwise Reports March 19, 2018 (Investorideas.com Newswire) PI Financial recently highlighted junior explorers to watch for "potentially game-changing 1H18 news flow....Read More
Silicon prices in China moved down over the past week on reduced demand, while European prices were mixed.Chinese silicon export prices dropped due to sluggish demand after Japanese buying appetites waned.The Chinese grade 553 silicon export price fell 1.2% to $1,980-2,030 per tonne on Friday March 16 from $2,010-2,050 per tonne a week earlier.Despite low operational rates for grade 553 silicon pr...Read More
FRANKFURT (Reuters) - All conditions are in place for euro zone inflation to rise but the European Central Bank should still remove stimulus with caution to avoid undue market turbulence, ECB board member Yves Mersch said on Monday.“All prerequisites for a sustainable adjustment of inflation to our objective are given,” Mersch said in Frankfurt, referring to the ECB’s inflation t...Read More
Some people say that “No civilian should have military style weapons!”Ironically they also criticize those who say gun ownership deters oppressive government. “Oh yea, your hunting rifle is going to stand up against the government’s tanks and bombs,” they laugh.And yet, guerrilla warfare is extremely difficult to defeat.Don’t get me wrong, I would not like to se...Read More
The Turkish steel mills extended their silence in the deep-sea scrap market on Monday March 19, amid weak rebar demand in the country's export markets.There were rumors of a Baltic Sea cargo sold to a steel mill in the Iskenderun region, but no market participants could confirm such a transaction.Rebar demand in the country's export markets has slowed down significantly, after the Section 232 anno...Read More
Editor's Note: Welcome to Kitco's new Bitcoin Daily Technical Alert. Every trading day veteran Kitco technical analyst Jim Wyckoff will provide you with a concise and easy-to-understand near-term technical brief on Bitcoin. Importantly, Jim will glean the short-term charts and technical studies, and then alert you to the signals he sees regarding upcoming potential bigger price moves or price tren...Read More
Turkish domestic scrap prices have continued to rise in line with strong finished steel values and the weakening of the Turkish lira, sources said on Monday March 19.Metal Bulletin's weekly price assessment for domestic auto bundle scrap (DKP grade) in Turkey on Monday was TRY1,300-1,520 ($331-387) per tonne delivered, up from last week's TRY1,260-1,420 per tonne.The upward movement in the assessm...Read More
OTTAWA (Reuters) - U.S. President Donald Trump appears to be “enthusiastic” about coming to an agreement on renegotiating the North American Free Trade Agreement (NAFTA), Canada’s Prime Minister Justin Trudeau said on Monday.Mexican and U.S. officials earlier this month pushed to speed up NAFTA negotiations, though Trump has repeatedly threatened to terminate the trade pact betwe...Read More
CloseGain/LossGold $1316.80+$3.20Silver$16.33UNCHXAU78.66-0.06%HUI171.11-0.03%GDM599.54+0.17%JSE Gold1061.67+10.85USD89.87-0.34Euro123.38+0.51Yen94.23-0.09Oil$62.06-$0.2810-Year2.852%+0.007T-Bond145.3125-0.125Dow24610.91-1.35%Nasdaq7344.24-1.84%S&P2712.92-1.42% The Metals: Gold dipped $6 to $1307.60 in Asia before it jumped up to $1319.60 in early afternoon New York trade...Read More
Leika Kihara, Gernot HellerBUENOS AIRES (Reuters) - The world’s financial leaders were seeking on Monday to clearly endorse free trade and renounce protectionism amid concern that U.S. tariffs on steel and aluminum and looming actions against China could trigger a trade war that would hurt global growth.Finance ministers and central bank governors of the world’s 20 biggest economies ar...Read More
The stock market has been in a bull market for nine years, the greatest bull run post-World War II. Rubino says the bull run may have ended.Rubino shares many indicators that show the nine year economic recovery ended in 2017. He sees the stock market falling, along with the junk bond market. The system will seize up, he says, and a recession will follow.Where should investors be positioned? He sa...Read More
Technical analyst Jack Chan charts recent movements in the gold and silver markets.Our proprietary cycle indicator is down.The gold sector is on a long-term buy signal. Long-term signals can last for months and years and are more suitable for investors holding for long term.The gold sector is on a short-term buy signal. Short-term signals can last for days and weeks, and are more suitable for trad...Read More
Andrew Osborn, Christian LoweMOSCOW (Reuters) - Russian President Vladimir Putin struck a softer tone towards the West on Monday after winning his biggest ever election victory, saying he had no desire for an arms race and would do everything he could to resolve differences with other countries.Putin’s victory, which comes at a time when his relations with the West are on a hostile trajector...Read More
Comex copper prices slipped further Monday March 19 morning with the market in consolidation mode due to investors heading to the sidelines ahead of the Federal Reserve meeting.Copper for May settlement on the Comex division of the New York Mercantile Exchange dipped 1.95 cents or 0.6% to $3.0890 per lb."While the consolidation in copper prices may run a little further on the back of an overall we...Read More
TECHNICAL SCOOPCharts and commentary by David ChapmanPhone: 416-523-5454 Email: david@davidchapman.comTwitter: @Davcha12March 19, 2018"Some debts are fun when you are acquiring them, but none are fun when you set about retiring them." Ogden Nash "I'm in debt. I am a true American." Balki Bartokomous Debt is in the news again. Did it ever leave? The Bank for International Settlements (BIS), th...Read More
PI Financial recently highlighted junior explorers to watch for "potentially game-changing 1H18 news flow." PI Financial recently noted that the firm believes that the explorer market is "primed for a reawakening, supported by buoyant metal prices and a splattering of financings." It stated that senior and intermediate miners are funding juniors "in order to advance technically sound projects tha...Read More